Scott Matthew Stewart - 07 Feb 2022 Form 4 Insider Report for CANTALOUPE, INC. (CTLP)

Role
Chief Financial Officer
Signature
/s/ Davina Furnish, Attorney in Fact
Issuer symbol
CTLP
Transactions as of
07 Feb 2022
Transactions value $
$0
Form type
4
Filing time
09 Feb 2022, 15:07:44 UTC
Previous filing
10 Nov 2021
Next filing
16 Aug 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CTLP Non-Qualified Stock Option (Right to Buy) Award $0 +175K $0.00 175K 07 Feb 2022 Common Stock 175K $8.02 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options are eligible to vest as follows:(i) 117,000 stock options are eligible to vest in three equal annual installments on the first three anniversaries of February 1, 2022 and (ii) the remaining 58,000 stock options are eligible to vest in three equal annual installments on the first three anniversaries of February 1, 2022, subject, in each case, to the reporting person's continued employment, and, in the case of (ii), subject to the achievement of applicable performance goals during the respective fiscal year. The Compensation Committee established the performance goals as a price target for the trading price of the Company's common stock in each applicable fiscal year. The price target is achieved if the average closing price of the common stock during any consecutive 30-trading-day period during the applicable fiscal year meets or exceeds (a) $13.50 in the case of fiscal year 2022 (b) $16.50 in the case of fiscal year 2023 and (c) $19.50 in the case of fiscal year 2024.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney